DEPOSIT OF NET PRACTICE REVENUES Sample Clauses

DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, of which Manager shall be the owner and from which Manager shall have the sole right to make withdrawals to pay Practice Expenses and Incentive Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
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DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Medical Offices, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager; provided that Medicare, Medicaid and CHAMPUS collections shall be deposited into a separate bank account in the name of Practice as provided in the Billing Agreement. Manager shall be the owner of the account (other than the account under the Billing Agreement) and have the sole right to make daily transfers to its operating or other account with its "Credit Facility Lender" (as defined in Section 5.2(b)) and to make withdrawals to pay Practice Expenses on a monthly basis. Manager will transfer pursuant to Section 5.1 an amount equal to the excess of Net Practice Revenues over Practice Expenses by the 25th day of each month with respect to the preceding calendar month to an account designated by Practice from which Practice will pay Physician Expenses and for any other purposes Practice may determine from time to time. Any funds in the Physician Deposit Account which are not made available to Manager due to any revocation of its authority under the Billing Agreement shall be deemed delivered to Practice for purposes of this section. Manager shall maintain its accounting records in such a way as to clearly segregate the deposit of Net Practice Revenues and the payment of Practice Expenses and other transfers from such deposit account from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
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DEPOSIT OF NET PRACTICE REVENUES. To the extent permitted by law, and subject to paragraph 2.4.1 herein, during the term of this Agreement, all Net Practice Revenues, as defined herein, shall be deposited directly into a bank account at a bank mutually agreed upon by the parties (the "Bank"), from which the Management Company shall have the sole right to make withdrawals (the "Account"). The Management Company shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of the Management Company. The Partnership hereby appoints the Management Company as its true and lawful attorney-in-fact to deposit in the Account all Net Practice Revenues collected and to make withdrawals from the Account. The Partnership and the Management Company hereby agree to execute from time to time such documents and instructions as shall be required by the Bank and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions with respect to payment for the Management Services during any extended term of this Agreement.
Sample 1
DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Practice location, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager, which depository account shall be segregated from other accounts of Manager. Manager shall be the owner of the account and have the sole right to make daily transfers to its operating or
Sample 1
DEPOSIT OF NET PRACTICE REVENUES. During the term of this Agreement, all Net Practice Revenues collected shall be received directly by Practice at the Medical Offices, and each business day Practice will transfer all collected Net Practice Revenues into a bank account as specifically directed by Manager; provided that Medicare, Medicaid and CHAMPUS collections shall be deposited into a separate bank account in the name of Practice as provided in the Billing Agreement. Manager shall be the owner of the account (other than the account under the Billing Agreement) and have the sole right to make daily transfers to its operating or other account with its "Credit Facility Lender" (as defined in Section 5.2(b)) and to make withdrawals to pay Practice Expenses on a monthly basis. Manager will transfer pursuant to Section 5.1 an amount equal to the excess of Net Practice Revenues over Practice Expenses by the 25th day of each month with respect to the preceding calendar month to an account designated by Practice from which Practice will pay Physician Expenses and for any other purposes Practice may determine from time to time. Any funds in the Physician Deposit Account which are not made available to Manager due to any revocation of its authority under the Billing Agreement shall be
Sample 1
DEPOSIT OF NET PRACTICE REVENUES. Compensation (as defined in Section 5.1) on a monthly basis and, at the direction of Practice, to transfer pursuant to Section 5.2 remaining Net Practice Revenues by the fifteenth day of each month in arrears to an account designated by Practice from which Practice will pay Physician Expenses. Manager shall maintain its accounting records in such a way as to clearly segregate Net Practice Revenues from other funds of Manager. Practice and Manager hereby agree to execute from time to time such documents and instructions as shall be required by the Credit Facility Lender (as defined in Section 5.4(b)) and mutually agreed upon to effectuate the foregoing provisions and to extend or amend such documents and instructions.
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Related to DEPOSIT OF NET PRACTICE REVENUES

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  • Protection Against Loss of Future District Revenues Section 4.1. INTENT OF THE PARTIES. Subject to the limitations contained in this Agreement (including Section 7.1), it is the intent of the Parties that the District shall, in accordance with the provisions of TEXAS TAX CODE § 313.027(f)(1), be compensated by the Applicant for any loss that the District incurs in its Maintenance and Operations Revenue as a result of, or on account of, the Parties’ entering into this Agreement. Such compensation shall be independent of, and in addition to, all such other payments as are set forth in Article V and Article VI. Subject only to the limitations contained in this Agreement (including Section 7.1), it is the intent of the Parties that the risk of any negative financial consequence to the District as a result of Applicant’s location of Applicant’s Qualified Investment and Applicant’s Qualified Property in the District and the Parties’ entering into this Agreement will be borne by the Applicant and not by the District and be paid by the Applicant to the District in addition to any and all payments due under Article V and Article VI. The Parties expressly understand and agree that, for all Tax Years to which this Agreement may apply, the calculation of negative financial consequences will be defined for each applicable Tax Year in accordance with Applicable School Finance Law, as defined in Section 1.2 above, and that such definition specifically contemplates that calculations made under this Agreement may periodically change in accordance with changes in Applicable School Finance Law. The Parties further agree that printouts and projections produced during the negotiations and approval of this Agreement are: (i) for illustrative purposes only, are not intended to be relied upon, and have not been relied upon by the Parties as a prediction of future consequences to either Party; (ii) based upon current Applicable School Finance Law which is subject to change by statute, by administrative regulation (or interpretation thereof), or by judicial decision at any time; and (iii) may change in future years to reflect changes in Applicable School Finance Law. Section 4.2. CALCULATING THE AMOUNT OF LOSS OF MAINTENANCE AND OPERATIONS A. The Revenue Protection Amount owed by the Applicant to the District means the Original M&O Revenue minus the New M&O Revenue; Where:

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  • Deposit of Fund Assets in U.S. Securities Systems The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

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